Keppel Land buys London office block for £91 million
KEPPEL Land (KepLand) has bought a freehold office building in London for £91 million (about S$186 million).
It said in a news release on Monday evening that it has inked a sales and purchase agreement with Aberdeen Property Trust for the nine-storey office building at 75 King William Street.
The building was completed in 1989 and has a total internal area of 130,000 sq ft (12,080 sq m). It is almost 100 per cent occupied by tenants in the financial services, shipping and serviced office industries. The investment will be managed by KepLand's fund management subsidiary, Alpha Investment Partners.
KepLand closed one Singapore cent lower at S$4.53 on Monday. KepLand issued the announcement after the market close.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Telegram messaging service to allow Tether stablecoin payments
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq
DBS puts 46 retail units, HDB shops on market for S$210 million
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade